Blockchain & crypto news from India
The regulatory authorities in Hong Kong have recently approved the use of spot exchange-traded funds (ETFs) for the popular cryptocurrencies Bitcoin and Ether. This means that at least three local issuers have been granted regulatory approval to offer ETFs that track the price of these two digital assets. This is a significant development in the…
In a recent turn of events, the former US president, Donald Trump, has taken a U-turn regarding his assertions on Bitcoin. As he was strongly opposing the cryptocurrency, especially Bitcoin in his tenure, has now accepted the fate that he can “live with it” and acknowledges its demand. During an interview on Fox News, Trump…
Malaysia is building its national blockchain – the Malaysian Blockchain Infrastructure – in association with MIMOS Technology Solutions, and Zetrix, a base layer blockchain developed by MYEG. The MoU for the proposed infrastructure was signed on October 6, 2022. MBI will be used for brining Web3 solutions and services from private as well as government…
Has the bear market dented the confidence of investors around the world in cryptocurrencies? Which countries are leading the pack in terms of cryptocurrencies deposited in exchanges and other investing platforms such as De-Fi? Chainalysis will be publishing a full report this October, and in a blog post has given a peek into the major…
Xi Jinping, president of China has declared that his nation requires to ‘seize the opportunities presented by blockchain technology.’ The Chinese leader, in a speech in 2019, said blockchain was a ‘significant breakthrough in independent innovation of core technologies.’ As an outcome of that speech, blockchain was hoisted as a national priority for China, among…
Ethereum (ETH) outshined bitcoin (BTC) in a ranking of the top cryptocurrencies by realized gains globally, with USD 76.3bn taken out in fiat profits in the previous year compared with USD 74.7bn in realized for bitcoin. The higher profits that ETH holders have discovered are likely a result of the rise of decentralized finance (Defi)…
On Wednesday the official Xinhua news agency said that it will issue a digital media photo collection through NFTS (non-fungible tokens), a first for China and an upsurge for the blockchain technology that supports them and that Beijing has earlier criticized. Regarded as digitized ownership certificates, NFTs have earned fame across the globe this year,…
According to sources, suggested legislation that would prohibit the use of cryptos as a mode of payment in India also anticipates making those who violate the law subject to arrest without a warrant and being held without bail. The government of PM Narendra Modi has earlier indicated that it proposes to prohibit most cryptos –…
The government has come up with a new crypto bill to be introduced during the winter session in the parliament, namely the Cryptocurrency and Regulation of Official Digital Currency Bill. According to media speculation, the new bill will “forbid the use of all private cryptocurrency” but will provide some leverage on certain cryptocurrencies to promote…
A detailed bill on cryptos is expected to be presented for clearance at a meeting of the Union Cabinet prior to or during the winter session beginning from November 29. According to sources, once the bill describing the regulation of cryptos, the purpose to tax earnings from them and their classification gets Cabinet’s nod, it…